DUSHANBE, April 24, 2013, Asia-Plus – Tajikistan’s State Committee on Investment and State-owned Property Management (GosKomInvest) and Chinese company, Dongying Heli Investment and Development Co. Ltd, have signed a memorandum of understanding (MoU) for cooperation and partnership, the GosKomInvest press center reports.
GosKomInvest head Davlatali Saidov met with top managers of Dongying Heli Investment and Development Co. Ltd here on April 23.
The sides reportedly discussed the current business environment in Tajikistan. Saidov briefed Chinese entrepreneurs on measures taken by the Tajik government to ensure further improvement investment climate in the country.
The Chinese company representatives reportedly noted that favorable investment climate in Tajikistan had suggested them an idea to construct an oil refinery here.
They plan to construct the oil refinery with capacity of processing 1.2 million tons of oil per year in the territory of the Danghara Free Economic Zone (FEZ) in Khatlon province.
At the first stage, Dongying Heli Investment and Development Co. Ltd is expected to invest some 60 million U.S. dollars in construction of a line for processing of 300,000 tons of oil per year.
We will recall that representatives Dongying Heli Investment and Development Co. Ltd expressed interest in construction of the oil refinery in Tajikistan during a meeting with Tajik Minister of Energy and Industries Gul Sherali that took place here on April 17.
